We’re probably only three of a total of about five or six around these parts that actually trade and that actually know that they’re doing and talking about. The fact that our approaches could not be more different is beside the point. And there for sure is enough crap posted on these forums without us all laying into each other. Pretty sure we could all still learn SOMETHING from each other.
Current total stands at £6,673.30, a 66.73% gain without taking a hit so far. Some stops were 20-30 pips away from being hit, but that’s as close as it got.
Hi @The_Baller.
Watching this thread with interest.
I don’t want to be intrusive and praise someone and if it’s not the place, please delete.
Replying to your message, I do know a guy who’s teaching (for free), who’s taking live trades and who’s making and losing money. I think he’s profitable.
His name: James Orr from Decisive Trading.
You can google him and youtube.
Would like to run example by the group to see if I am getting the gist of this thread. So US/CAD shows hitting a possible resistance level that was set back in Sep 2015. Also, shows possible breakout from an uptrend.
Do you ever set a TP or SL to a 3:1 or 2:1 ratio? I assume ratios aren’t really a concern and aren’t a deciding factor since you use S/R to set those. In the chart below that TP/SL are basically 2/3 which seems super risky.